Enterprise Products Partners L.P.
) announced the commencement of transportation services to
shippers which supported its Mid-America Pipeline Rocky Mountain
expansion project through long-term agreements. The
transportation services were initiated on Jan 2, 2014.
ENTERPRISE PROD (EPD): Free Stock Analysis
HARVEST NATURAL (HNR): Free Stock Analysis
TRANSOCEAN LTD (RIG): Free Stock Analysis
TESCO CORP (TESO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The Mid-America Pipeline Rocky Mountain project is intended to
deliver natural gas and natural gas liquids (NGL) production from
major basins in Utah, Colorado and Wyoming. The expansion is also
likely to benefit from numerous new natural gas processing plants
that have been build on the Uinta and Greater Green River basins.
The Mid-America Pipeline Rocky Mountain expansion project was
aimed at looping the existing system with about 265-miles of 16
inch diameter pipeline.
Enterprise provides a wide range of midstream energy services to
the producers and consumers of natural gas, NGL, and crude oil.
The partnership is viewed as a core holding in an MLP portfolio,
given its string of organic growth projects, potential
acquisitions, strong balance sheet and solid liquidity position.
The partnership is one of the largest fully integrated midstream
service providers with a positive long-term outlook given its
significant geographic and business diversity.
The partnership's assets include around 51,000 miles of onshore
and offshore pipelines, approximately 200 million barrels of
storage capacity for NGLs, refined products and crude oil, and 14
billion cubic feet of natural gas storage capacity. Enterprise
divides its operations into five segments - Natural Gas Liquids
Pipelines & Services, Onshore Natural Gas Pipelines &
Services, Petrochemical & Refined Product Services, Offshore
Pipelines & Services, and Onshore Crude Oil Pipelines &
Enterprise carries a Zacks Rank #3 (Hold). Some better-ranked
stocks in the oil and gas sector include
Harvest Natural Resources Inc.
). All these stocks hold a Zacks Rank #1 (Strong Buy).